Essays about: "Determinants of abnormal returns"
Showing result 1 - 5 of 12 essays containing the words Determinants of abnormal returns.
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1. The Impact of Spin-offs on Shareholder Value : Evidence from the Swedish Market 1991-2022
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : This thesis uses an event study methodology to investigate the short- and long-term effect on shareholder value from Lex ASEA-approved spin-offs' on the Swedish market between 1991-2022. The impact of spin-offs has been examined by estimating the effects on the parent firm, the spun-off entity, and a value-weighted pro-forma entity. READ MORE
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2. To Merge or Not to Merge: The Shareholder Perspective on M&As
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : This study examines if abnormal return occurs in conjunction with merger announcements in the short-term and compares it with the compounded one-year buy-and-hold abnormal return in the long-interval for European manufacturing firms. In the final sample, the short-term study consisted of 209 firms, while the long-term incorporated 207, both during a sample period of 20 years. READ MORE
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3. Green Debt Financing : Examining Investors’ Reactions to Green Bond Announcements in Europe
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : This paper examines what effects announcements of green bond issuances have on publicly traded firms’ stock prices in Europe. Signalling theory is used in line with suggestions from previous research to investigate potential abnormal returns. READ MORE
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4. Playing Poker without Looking at the Cards—Does it Even Matter?
University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistikAbstract : In 2020, the recent boom of Special Purpose Acquisition Companies (SPACs) resulted in this financial vehicle overtaking traditional IPOs as the leading firm structure for taking companies public. The dormant structure of SPACs forces investors to primarily rely on the management team to find value-creating acqui-sitions. READ MORE
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5. Mutual Fund Performance : An analysis of determinants of risk-adjusted performance for mutual equity funds available for Swedish investors
University essay from Umeå universitet/FöretagsekonomiAbstract : The mutual fund industry in Sweden has grown rapidly over the past years. Research has been made on the topic for over 50 years, however there are still uncertainties about the determinants of fund performance. READ MORE